PPP Loan Data — Jeffrey Folstad, Milwaukee, WI
Jeffrey Folstad is a limited liability company (LLC) located in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in March, 2021.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Jeffrey Folstad in Milwaukee, WI received a Paycheck Protection Loan of $20,833 through Ixonia Bank, which was approved in March, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Reported PPP Proceed Usage:
On the PPP application, Jeffrey Folstad reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,833
Business Information - Jeffrey Folstad in Milwaukee, WI
* Full address is redacted to protect the privacy of individuals.
NAICS code 541310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Jeffrey Folstad.
Spire Engineering Inc
Similar Companies near Milwaukee
In the Milwaukee area, 42 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 1) and received an average PPP loan of $381,532 (compared to this company's $20,833).
Similar Nearby Businesses Who Received PPP Funding:
Eppstein Uhen Architects Inc
Boer Architects, Inc
Schroeder & Holt Architects LTD
Barrientos Design & Consulting, Inc
Shroeder And Holt Architects, LTD
Design Fugitives, LLC
American Design Inc
Continuum Architects & Planners, SC
Dan Beyer Architects
Industry PPP Comparison Statistics
Nationwide, 28,753 businesses in the "Architectural Services" industry received a total of $3.75B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 800% higher than Jeffrey Folstad's reported 1 employees, and received an average PPP loan of $130,375, 526% higher than this company's loan of $20,833.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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